Mayor Sylvester Turner and the Texas PACE Authority today announced the launch of a
commercial Property Assessed Clean Energy or PACE program in Houston, providing an
additional tool for Houston property owners to finance energy efficiency, renewable energy, and
water conservation projects.
“We are thrilled to launch Houston’s PACE program,” said Mayor Sylvester Turner. “PACE is an
innovative way to help spur efficiency investments in Houston’s building infrastructure that
would otherwise have been capital intensive. Between the longterm utility savings and the
energy and water conservation benefits, it’s a winwin for our community.”
PACE is a nationallyrenowned, voluntary financing program that allows owners of commercial,
industrial, and multifamily residential properties (with five or more dwelling units) to obtain
lowcost, longterm loans for water conservation, energyefficiency improvements, and
In exchange for funds provided by a private lender to pay for the improvements, the property
owner voluntarily requests that the local government place an assessment secured with a senior
lien on the property until the assessment is paid in full. As PACE assessment payments are
generally offset by the project’s utility cost savings and the term of PACE assessments may
extend up to the projected life of the improvement, improvements financed through a PACE
program may generate positive cash flow upon completion without upfront, outofpocket costs
to the property owner.
The State of Texas authorized municipal and county PACE Programs in 2013. Houston City
Council adopted a resolution establishing a Houston PACE program on November 4, 2015. To
date, PACE programs are being set up in four Texas counties (Travis, Williamson, Cameron,
and Willacy) and two cities (Houston and Dallas).
To learn more about Houston’s PACE program or submit an application, visit